In this article you can easily get some of the best practical confidentiality agreement templates, but first of all, let’s know briefly about a confidentiality agreement. A confidentiality agreement is an official document of a company that is made between two or more parties in order to ensure the secrecy or confidentiality of the some important information of the company. A confidentiality agreement can be made between parties interested in doing business with each other and ensuring the confidentiality of information or details related to a particular business deal. However, such an agreement can also be made between an employer and employee.
A confidentiality agreement is also known as a non-disclosure agreement or NDA. Such an agreement can be mutual as well as unilateral. In a mutual confidentiality agreement, all the involved parties are required to keep the information confidential whereas in a unilateral confidentiality agreement, only the party receiving the information is required to keep such information confidential.
In a non-confidentiality agreement between an employee and an employer, the employee is restricted to share the secret information of a company such as a trade secret or a secret formula. Through such an agreement, employer can also restrict the employee to keep the information confidential even after he ceases to be the employee of the entity. Companies may require such agreements from time to time, so for this purpose, they can also make or use a specific confidentiality agreement templates.
Agency's Confidentiality Agreement Template
Volunteer Confidentiality Agreement Template
Mutual Confidentiality Agreement Template
Buyer's Confidentiality Agreement Template
Detailed Confidentiality Agreement Template
Data Confidentiality Agreement Template
Employee Confidentiality Agreement Template
Unilateral Confidentiality Agreement Template
Staff's Confidentiality Agreement Template
Information Confidentiality Agreement Template
Assistant's Confidentiality Agreement Template
Important Confidentiality Agreement Template
Patient's Confidentiality Agreement Template
Basic Components of a Confidentiality Agreement Template
Some basic components of a confidentiality or non-disclosure agreement are as follows:
1. Parties to the Agreement:
Two or more parties involved in a confidentiality agreement must be properly identified and disclosed. In such an agreement, the party who provides confidential information is known as disclosing party whereas the party receiving the information is called the recipient of the confidential information.
2. Details of the Confidential Information:
The information that is intended to be kept secret or confidential, must be properly disclosed with details, in such an agreement. Both parties must be agreed on the details provided or to be provided in a confidentiality agreement.
3. Terms & Conditions:
At the time of entering into such a contract or agreement, the parties to the contract must be aware of all the terms and conditions of such contract e.g, the duration for which any such information is to kept secret.
4. Effects of disclosing the information:
In the confidentiality agreement, the effects or impacts of disclosing the confidential information, must be clearly explained so that the parties to the contract become fully aware of them. The parties involved must know what actions can be taken against them if they fail to maintain the secrecy of any information for which a confidentiality agreement is being entered into.
5. Non-Confidential Information:
A non-disclosure agreement should also state the details of information which is not confidential or is already known to public or recipient. The details of any such non-confidential information must be very accurate, keeping in view the gravity and importance of the confidential information.
6. Other Information:
Any other relevant information or some other provisions related to the confidentiality of information, must also be stated in a non-disclosure agreement.
Best Confidentiality Agreement Templates
Medical Center's Confidentiality Agreement Template
State Department's Confidentiality Agreement Template
Company's Confidentiality Agreement Template
Contractor's Confidentiality Agreement Template
Proprietary Acknowledgement Confidentiality Agreement Template
Board of Directors Confidentiality Agreement Template
Code of Ethics Confidentiality Agreement Template
Business Buyer's Confidentiality Agreement Template
Confidentiality Agreement Template
Confidentiality Agreement Template
Consultant's Confidentiality Agreement Template
University's Confidentiality Agreement Template
HR Department's Confidentiality Agreement Template
Different Types of a Confidentiality Agreement
There are two basic types of a confidentiality agreement. One is a unilateral confidentiality agreement and the other is a bilateral confidentiality agreement. These type are, then further classified as well. All these types are explained below.
Unilateral Confidentiality Agreement:
In this type of confidentiality agreement, one party to the agreement promises to keep the information of the other party confidential. It is also known as one-way confidentiality agreement and it is the most basic confidentiality agreement. This type of agreement is mostly used by employers while hiring the employees.
Bilateral Confidentiality Agreement:
In a bilateral confidentiality agreement, both the parties promise to keep each others’ information confidential. This type of confidentiality agreement is mostly used when two businesses work together. So they enter into a confidentiality agreement to maintain secrecy of each others’ information and data. Such a confidentiality agreement is also known as mutual confidentiality agreement.
Further classifications of confidentiality agreements are mentioned below:
Basic Confidential Agreement:
This type of confidential agreement is very flexible and it can easily be used for almost every situation.
Employee Confidentiality Agreement:
Such a confidentiality agreement is mostly used to restrict the employees from disclosing any important information of the company during the employment and even after the termination of employment as well.
Interview Confidential Agreement:
This type of agreement is signed between an entity and an interviewee in order to restrict the interviewee from sharing any information relevant to the procedure of interview of the entity.
Inventor’s Confidential Agreement:
As the name suggests, this type of confidential agreement is used by inventors in order to protect their non-patented works.